Manager Accounting

About the Role

Nestlé is seeking a Manager Accounting to join their team in Jeddah, Makkah. This full-time role is central to driving the Finance & Control mission within the Operating Company (OPC), providing leadership in business decision-making, and ensuring robust accounting and reporting standards.

Role Purpose and Context

The Manager Accounting will co-pilot the OPC by ensuring rock-solid accounting and reporting, maintaining high standards for stewardship and governance across the company, and contributing to the development of skilled finance professionals. The role involves providing financial visibility to leadership and ensuring compliance with corporate and local legal standards.

Key Responsibilities

• Provide monthly visibility on financial performance to the leadership team to enable informed decision-making, supporting Operations, Businesses, and Costing teams in understanding variances and providing recommendations for YTG (MOGE, COD, COGS, PFME, PRO, other P&L line items).
• Ensure accurate, transparent, consistent, and timely Financial Accounting records (PEC) and reporting submissions (statutory and Magnitude), in full compliance with NAS and other corporate and local legal standards.
• Drive compliance within the OPC regarding local legal, tax, and audit requirements, establishing, maintaining, and monitoring effective internal controls throughout the company.
• Manage and monitor credit reviews for new and existing customers, determine credit limits, and assign risk categories. Accountable for the release or rejection of sales orders due to credit issues.
• Ensure regular and effective reporting of Key Performance Indicators (KPIs/PPIs/HealthChecks) and Credit Management and Collection activities to minimize risk and proactively identify problem areas using analytical tools.
• Manage the relationship with the Center of Scale (COS) by driving Total Service Quality Monthly review actions.
• Support continuous improvement initiatives with the Center of Scale across R2R services to drive tangible business benefits, leveraging NCE methodologies, while addressing market needs and standardization.
• Drive cost optimization and reduction in areas of TTS, MOGE, and COD.
• Contribute to the development of Finance and non-Finance capabilities within the country.
• Optimize structural set-up, identify new business models and opportunities, and provide various analyses offering an objective and holistic perspective to decision-making processes.
• Drive process improvement for simplicity and efficiency with IS IT / Business Improvement, keeping work processes and systems up-to-date in the market to support value creation.

Qualifications and Experience

• Candidates should possess 5-10 years of relevant experience.
• Demonstrated ability to provide financial insights and recommendations to leadership.
• Experience in ensuring compliance with financial accounting standards and legal requirements.
• Proficiency in managing credit reviews and related risk management activities.
• Experience with continuous improvement initiatives and cost optimization strategies.

About Nestlé

Nestlé is a global food and beverage company with 308,000 employees, dedicated to enhancing quality of life and contributing to a healthier future. The company's values are founded on respect for individuals, diversity, and the future. With a significant global presence, Nestlé operates 413 factories in over 85 countries. Nestlé fosters a dynamic, inclusive, and international working environment with opportunities across various businesses, functions, and geographies, working with diverse teams and cultures.

Application Process

Further details regarding the application process will be provided upon inquiry. Salary for this position is not disclosed.